Forex Robot scams!
Have you ever thought about this? “It looks too good to be true” Sure you are if you have something in your head, right!? To be honest, several of my new facebook ‘FX friends’ spurred me to write this short article. It’s unbelievable how many people is promising easy money by trading forex, but belive me, forex is nothing like that. Forex robots or Expert Advisors (EAs) are programs that claim to automate Forex trades, making money while you’re doing nothing. And that ‘zillion percentage’ Forex robot system cost only $59 or $99. Hell yeah, that is simply not possible.
I would not belive in this trading system if the same will cost a $100,000! Why? Because, forex market is providing so much daily liquidity, that returning of $100,000 investment will be a peace of cake, if that system works. But, altough this scam is so obvious, there is millions of US dollars dropped into Forex robots every day. When I see all of this, it’s not surprising that 90% of ‘investors’ and retail traders lose money on forex. But, let’s be honest. People who ‘invest’ money like this are not investors, they are fools. There is so many reviews about this, trading tracks, performances and nothing can be proven as profitable long term. I belive that, sometimes could be find a great performance from the system like this, short term of course, but that could be related more with luck, not with expertise. It’s enough for the market sentiment to be related with program for a while, but you are all aware of the market sharp turnovers and how things changed over night in this world.
Don’t trust this shit! I hope that none of wise and serious Forex traders will be sucked into the dark side of trading with robots and promises of geting rich, while you are enjoying in some exotic island beach, spending ‘earned’ money and doing nothing. Forex is not an easy money!
Yes, algos (robots) are runing the FX market, but that algos are made from large banks and funds which can actually move the market and that’s why they can predict what will happen in future. But, cheap robot systems can’t follow that and don’t be trapped in to thinking that this actually works because it’s not.